Investing In Growth Companies

A look at growth-company stock

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INC's roundup of market data provides instant reference to the behavior of the common stocks of small companies. The INC. Index is derived from the stock prices of 55 growth corporations (see INC., September page 148). Initial public offerings are tabulated for the latest available month, together with their first aftermarket trades. The IPO Monitor collectively follows "old" new issues on the stock exchanges.

SMALLER COMPANY INITIAL PUBLIC OFFERINGS: JULY 1981

Offering

O-T-C Size Price

sym. Business/prouct ($ mil.)

Company

ALGH Allegheny & Western Oil & gas 8 8.00

KEJO Kelly-Johnston Restaurants 6.6 11.00

LIEB Liebert Precision control syst. 24 16.00

ORYXU Oryx Communications Dist. Video cassettes 3.325 a 4.75

WINE Schagrin's Food stores 1.102 2.00 B

USDCU U.S. Design Info. storage systems 4.2 a 3.00

ZNIC Zonic Mfg. computer systems 3.45 6.00

FSIG Franklin Signal Mfg. security systems 1.36 2.00

AQNTU Aquanautics Scuba diving equip. 1.4 b 4.50

CDSI Computer Designed Data processing 1.925 2.75

products

ODEX Odetics Info. processing syst. 11.25 18.00

UHSIB Universal Health Manages hospitals 25 20.00

ICNTU Intelligent Comm. Data communications 2.975 a 3.53

KAPLA Globuscope Photography equip. 1.375 a 2.75

IMCI Integrated Microelectronic circuits 2.5 2.50

Microcircuits

OMCR Omnicare Health care services 102 21.25

COMR Comair Transportation services 3 5.00

FERO Ferrofluidics Magnetic fluid products 5 2.00

PICP Pico Products Pay TV control systsms 1.5 3.00 B

IGEN Immunogenetics Artificial insemination 4.5 2.00

GRTXU Grant Industries Mfg. mechanical slides 21.25 c 1,250.00

BEDF Bedford Computer Computer graphics syst. 4.4 8.00

GREN Great Eastern Energy Oil & gas 15 15.00

BMPI Biosearch Medical Mfg. medical devices 4 8.00

SWFT Swift Energy Oil & gas 3.25 2.50

QUIKU Quickprint of America Franchises printing 7.5 a 5.00

AMPI Amplica Microwave amplifiers 11.5 10.00

CMTX Comtex Scientific Scientific research 4.375 6.25

First

O-T-C aftermarket

Sym. Company Business/product bid Underwriter

ALGH Allegheny & Western Oil & gas 6 3/4 Bateman Eichler

KEJO Kelly-Johnston Restaurants 14 1/2 Stifel, Nicolaus

LIEB Liebert Precision 16 1/2 A. G. Edwards,

control

syst. Ohio Co.

ORYXU Oryx Communications Dist. Video 5 Moore; Robertson

cassettes

Securities

WINE Schagrin's Food stores 1 3/4 Rosenblum, Levin

USDCU U.S. Design Info. storage 3 1/2 Sherwood Securities

systems

ZNIC Zonic Mfg. computer 5 3/4 Laidlaw; Ohio Co.

FSIG Franklin Signal Mfg. security 2 Noble Securities

systems

AQNTU Aquanautics Scuba diving 4 1/2 Sherwood Securities

equip

CDSI Computer Designed Data processing 3 1/2 Craig-Hallum

products

ODEX Odetics Info. processing 17 3/4 Blyth Eastman

syst.

UHSIB Universal Health Manages 20 1/4 Merrill Lynch;

hospitals

Rothschild; F.

Eberstadt

ICNTU Intelligent Comm. Data 3 1/2 Rooney, Pace

communications

KAPLV Globuscope Photography 2 7/8 Rooney, Pace;

equip. Globus

IMCI Integrated Microelectronic 3 1/4 Engler & Budd

circuits

Microcircuits

OMCR Omnicare Health care 21 1/4 Eberstadt;

Rothschild

COMR Comair Transportation 5 1/4 Broadchild

Securities

services

FERO Ferrofluidics Magnetic fluid 1 3/4 John Muir & Co.

products

PICP Pico Products Pay TV control 4 3/4 Rooney, Pace

systems

IGEN Immunogenetics Artificial 2 1/4 Culverwell & Co.

insemination

GRTXU Grant Industries Mfg. mechanical 1.250 Prescott, Ball

slides

BEDF Bedford Computer Computer 8 Prescott, Ball

graphics

syst.

GREN Great Eastern Energy Oil & gas 15 Montgomery; Scott

BMPI Biosearch Medical Mfg. medical 7 3/4 Mosely, Hallgarten

devices

SWFT Swift Energy Oil & gas 2 3/4 Paulson; Orians

QUIKU Quickprint of America Franchises 5 John Muir & Co.

printing

centers

AMPI Amplica Microwave 10 1/4 Alex. Brown;

amplifiers Robertson

CMTX Comtex Scientific Scientific 6 1/4 D.H. Blair & Co.

research

a units of 1 common + 1 warrant

b units of 2 common + 1 warrant

c units of 100 common + 100 warrants.

Initial public offerings sold at $1 or less not included. First aftermarket bid is approximate.